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are wearing. let's think about this, america. >> my outrage of the day. on that note, thank you so much for watching "street signs." >> that is a thing that makes you go hmm, and we'll see you tomorrow. "closing bell" is next right here on cnbc which is the worldwide leader in business news. >> hi, everybody. we're into the final stretch. welcome to the "closing bell." i'm maria bartiromo with the new york stock exchange. the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now at 1443. >> while the dow on pa
, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> an improving economy and superstorm sandy turn out to be a boone for the automakers. >> one automaker did not beat expectations in terms of november auto sales. the automaker who fell short of estimates was general matter, an increase of 3.4%. 2% below what the street was expecting. some important stories that came out today from the auto industry. let's start with ford. 6.5% increase. the company today raising its production in north america for the first quarter by 11% up to 750,000. the most they have produced in the first quarter since 2006. general motors may cut
of the guests mentioned is the action in financials. you look at bank america and you haven't seen any real participation in the financial sector for four or five years. that's one to keep an eye on. you may see a meaningful move. that could be good for the market. >> you don't think it's too late -- >> -- next year in terms of a tax increase. >> bank of america is the best performing this year. it's not too late to get into that? you think there's more to come? >> look at the short-term move and it looks good. look at a five or six year chart and it's a different story. looks like you've got more room on the upside. >> rick santelli, jump in here. what are you seeing in chicago the movement? >> well, if you consider the big story of the year mutual fund flows and how historic they've been in income and how they've been lacking in equities, the big story is that you have basically the last fed meeting. it was somewhat hawkish. and boom you have six-week high yields and fives, tens, thirties. but still a dozen basis points away. dozen points lower than finished last year. same for 10s. 30 ye
of america more than doubled the returns of the next best performing dow stock this year. while hp was the biggest loser. will those trends continue next year? or can you expect a reversal of fortune? >>> and we're not finished. after the bell, former dnc chairman howard dean has repeatedly said let's go full speed over the fiscal cliff if we get this deal. does he like it or not? he'll join us coming up. much more to come. don't go anywhere. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with suppor
. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers were asked that question. we have their answers. we have names coming up. stay with us. >> get pencil to paper. >>> also ahead, the art of negotiation. we're going to hear from somebody who says a deal on the fiscal cliff could have already been reached if only lawmakers took a page out of wall street's deal making strategy of keeping things behind closed doors. where have we heard that before? >>> plus, secretary tim geithner with us exclusively. will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy is not reached? we're checking it out. back in a moment. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multi
day for everybody in america, but we do appreciate you watching "street signs." cnbc will have continuing coverage of your markets, all your post-close news and, of course, what is going on in newtown, concome our hearts and prayers go out to all those people affected by that. "closing bell" is next. >> i'm bill griffith. welcome to "closing bell." maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to make a statement on this tragedy from the white house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of
people that we could possibly have in the united states of america, old folks whose cost of living is going up, whose health care have increased, and now we have a formula that was original designed to find out what was the cost of living so that the social security check will be able to be increased to meet the cost of living. now we're doing it backwards. we find out how much money we want to save. incidentally social security was never supposed to be involved in this procedure. how much money do we want to save, and then we say we'll get a formula, and the formula will save us that much money over ten years. it's just not fair to do this to old folks, most of whom are dependant on their checks completely or in part. >> congressman, why should social security not be part of it? people aren't stupid. we all know what the three major drivers of our debt are, medicare, medicaid, social security. social security hasn't been changed. all that's been changed is they changed the eligibility age and that's about it. >> the only reason that it is not supposed to be a part of this because
.com and ask your doctor about celebrex. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> if you're just joining us a friendly reminder we're just minutes from closing out the shortened trading day. the bell rings in about 15 minutes. after that there are only four trading days left in the year and as maria will remind you there is still no deal to avoid the fiscal cliff. so what is an investor to do with their money right now? >> let's bring in our guests and our own bob pisani. good to see you guys. thanks for joining us. kevin, what is your take in terms of
results of all of america economic survey coming up. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ together for your future. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insur
of america 2013 outlook. they are super bullish and hung a 1600 on the s&p next year and said the biggest downside risk improvement in the u.s. economy because that might get the fed to scale back. that's how you show how dependant we are and what little confidence they have of what's going on in washington. >> does that mean if we get a deal any time soon out of washington that the market rallies and the volatility ends, or what are you expecting? >> i think the volatility will end somewhat at that point. as the other guests have said, i think there is tremendous pent-up risk-on momentum here, and i think it will carry on into the new year. the investments will be worth more dollars. your dollars just might be worth a lot less. >> steve sax, are you seeing any change to the dividend strategy to sort of, you know, tying investment ideas to the tax story like capital gains and what about the dividend strategy? >> we haven't seen that yet, maria, but we will. once we get past the first of the year you'll see a little bit of that buying pressure get relieved. we just talked about it. still a
't know that corporate america is in pretty good shape, that the multi national companies that our colleagues were talking about like nike are still pretty well together, there are things to do with your money for the long-term. count some blessings and don't panic too quickly here. the terrain is very bumpy. but the fundamentals are still holding together. >> all right. we'll leave it there. thanks, gentlemen. we appreciate your time today. >> thank you. >> have a great weekend and to you, as well. we have 50 minutes before the closing bell sounds on wall street. we are off the lows. >> this is an expiration day. it's the last one for the year. we have a lot of volume. also, is this fiscal cliff here sell-off an tint to buy back into the market? we'll get some trading on that, coming up. >>> and with just ten days to go, can congress reach a deal in time? >>> and later, we'll hear from one republican who would have voted no on plan b last night. but congressman mick mulvaney is making a push to cut spending and make a deal. it's all coming up. stay tuned. well, if it isn't mr. mar
. >> and the best performing stock in the dow this quarter, bank of america. up nearly 30% this quarter alone. remember, folks, 'tis the season for charitable work, and incredible sucking up of long lost relatives. >> hi, grandma. "closing bell" is next. >>> hi, everybody. good afternoon. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the house of representatives voting right now. they have a number of measures to vote on before speaker boehner's plan "b," but we'll continue to monitor capitol hill for any developments. meanwhi meanwhile, i'm here with scott wapner. the market modestly higher despite uncertainty over a fiscal cliff deal. new information coming up in moments. >> good to see you again. scott wapner in today for bill griffiths. less than one hour to go in this trading day. the dow is positive now, just off the highs of the day. good for 39 points. nasdaq's higher, s&p is higher as well at this point. all eyes certainly on the nation's capital though today, maria, and here at the stock exchange. >> absolutely. first, here is what we know. globa
. >> welcome to america. >> they are teaching us fiscal irresponsibility. want us to pay our mortgage on time, pay our taxes on time when they seem to not be able to do anything on time themselves. >> well, that's a softball for you, rick. >> and the entire argument that, you know, the wealthy, they don't mind. they vote for higher taxes. they don't spend the money anyway. tell that to all the cottage industries, people that help with housework, watch the kids, vacations, airlines, i don't buy into it. i think that's one of the reasons stocks act the way they do. i'll tell you. i have a different slant on this. i'm not a big scott brown follower. i think he's a little different, in my book, but that tweet he sent where the president made the gop a deal and he was jumping on a plane and all of a sudden the white house denied it's true and now we see that the house of representatives, for no apparent tangible reason, going to be back in session on sunday, i personally think scott brown tweeted something he wasn't supposed to. i think there is movement there, and i think maybe his tweet offers u
governor howard dean says bring it on. going over the fiscal cliff will actually help america. he's going to make his case, very bold statement there, to someone whose company will be decimated by the spending cuts to defense companies. you do not want to miss this confrontation. ricans are alwayso work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> pretty clear apple stock is having its worst week in more than two years. let's get to bertha coombs with the details. >> tough end of the week ear. it's apple's horrible, awful week. today's decline saw shares hit a real technical weak point, the so-called death cross. that's where the 50-day moving average, the top line in yellow, crossed below the orange line. that's the 200-day moving average. a
lost sight of is almost 70% of all the stock held in america is held by financial institutions and not individuals. we've got to reappraise their role. and finally -- >> go ahead, jack. >> just to complete the thought by saying finally we need some kind of a federal statute, i think, of fiduciary duty for all managers. focuses on long-term, prudent investing. relatively low turnover and low costs. and putting the interest of the clients of these investment managers first. >> you know, they talked about a financial transaction tax in europe and got their heads handed to them as part of the negotiations on their debt. it's not even being talked about in this country as part of the fiscal cliff. what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided righ
the close, and the dow is up 71 points. >> up next, one of bank of america's top economists has the three most important things you need for investing in 2013. we'll talk to him. >> also ahead, former fed chairman alan greenspan is back. he rebelieves a recession from going over the cliff would be a cheap price to pay to fix our policies. he'll explain why in an exclusive interview with maria coming later on "closing bell." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho
lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cl
Search Results 0 to 16 of about 17

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